Monday, February 13, 2012 2:18:38 AM
One other reason I think we see a complete retrace on the smaller timeframe to 1.0850 or so is the weekly chart. On the weekly chart we had a 2.236 that retraced a full 100 percent (in red) to the start of the 2.236. The area in red is almost certainly an Elliot wave sequence when I zoom in to the daily. May be a bit of a stretch correlating the little 30 minute timeframe behavior with the weekly chart behavior but a it looks very similar.
the government cannot give anything to anyone -- that they have not first taken away from someone else.
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